Does the depreciable basis change if it was part of a like kind 1031 exchange?

I am wondering if my depreciable basis stays the same as my purchase price minus land value if the purchased property was part of a like kind QI 1031 exchange.

I am wondering this because I was doing a cost segregation study and the website says the following regarding a cost segregation study if the subject property was inherited as part of a 1031 like king exchange: "If the subject property is part of a 1031 exchange list only new depreciable basis in "Total purchase price" field and enter zero (0) for land value. Total purchase price- less land value- less amount of 1031 exchange = xxxxx enter this amount below."

As far as I understand it with a like-kind 1031 you are only deferring gains, and you can still claim all the losses on the inherited property.

However, please help since the cost segregation study website suggests otherwise.

Thanks!